Lineage, Inc. (NASDAQ:LINE) Plans $0.38 — Dividend

Lineage, Inc. (NASDAQ:LINE) announced a — dividend on Thursday, September 12th, Wall Street Journal reports. Investors of record on Monday, September 30th will be paid a dividend of 0.38 per share on Monday, October 21st. The ex-dividend date is Monday, September 30th.

Lineage Stock Up 0.8 %

Shares of NASDAQ LINE traded up $0.66 during midday trading on Thursday, reaching $82.42. 835,732 shares of the company traded hands, compared to its average volume of 1,789,254. Lineage has a 52 week low of $80.03 and a 52 week high of $89.85. The stock has a market cap of $18.77 billion and a P/E ratio of -5.98.

Insider Buying and Selling

In related news, CFO Robert Crisci purchased 10,000 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The shares were purchased at an average price of $78.00 per share, with a total value of $780,000.00. Following the purchase, the chief financial officer now owns 10,000 shares of the company’s stock, valued at approximately $780,000. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Lineage news, CFO Robert Crisci bought 10,000 shares of the stock in a transaction on Friday, July 26th. The shares were bought at an average price of $78.00 per share, with a total value of $780,000.00. Following the purchase, the chief financial officer now directly owns 10,000 shares in the company, valued at approximately $780,000. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jeffrey Alvarez Rivera bought 600 shares of the stock in a transaction on Friday, July 26th. The shares were acquired at an average cost of $78.00 per share, for a total transaction of $46,800.00. Following the purchase, the insider now owns 5,406 shares in the company, valued at $421,668. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 12,150 shares of company stock valued at $947,700. 1.40% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

LINE has been the topic of a number of recent analyst reports. Royal Bank of Canada restated an “outperform” rating and set a $94.00 price objective on shares of Lineage in a research note on Tuesday, September 3rd. Evercore ISI lifted their price objective on shares of Lineage from $88.00 to $90.00 and gave the company an “in-line” rating in a research note on Wednesday, August 28th. Robert W. Baird initiated coverage on shares of Lineage in a research note on Monday, August 19th. They set an “outperform” rating and a $91.00 price objective on the stock. Baird R W upgraded shares of Lineage to a “strong-buy” rating in a research note on Monday, August 19th. Finally, Bank of America started coverage on shares of Lineage in a research note on Monday, August 19th. They set a “buy” rating and a $100.00 price objective on the stock. Five research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $93.87.

About Lineage

Lineage, Inc is the world’s largest global temperature-controlled warehouse REIT with a network of over 480 strategically located facilities totaling over 84.1 million square feet and 3.0 billion cubic feet of capacity across countries in North America, Europe, and Asia-Pacific. Coupling end-to-end supply chain solutions and technology, Lineage partners with some of the world’s largest food and beverage producers, retailers, and distributors to help increase distribution efficiency, advance sustainability, minimize supply chain waste, and, most importantly, feed the world.